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nautilus
Joined: 26 Nov 2005
Location: Je jump, Tu jump, oui jump!
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 Posted: Sat Mar 06, 2010 10:50 pm Post subject: U.S Unemployment unchanged in February |
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In February the unemployment rate held at 9.7 percent, the U.S. Bureau of Labor Statistics reported today..
http://www.bls.gov/news.release/empsit.nr0.htm
A little disappointing after January's figures. |
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jhuntingtonus
Joined: 09 Dec 2008
Location: Jeonju
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| Posted: Mon Mar 08, 2010 2:54 am Post subject: |
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Of course! Remember how they gauge it - people who drop off the compensation rolls no longer count as unemployed. So the economy still lost jobs, but the net loss was upset by those not counted as unemployed.
Not in any way to be confused with "America broke even on jobs last month"... |
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nautilus
Joined: 26 Nov 2005
Location: Je jump, Tu jump, oui jump!
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| Posted: Mon Mar 08, 2010 3:48 am Post subject: |
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| It was beginning to appear that they had finally turned a corner but I guess it will take months before we can draw any conclusions. |
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jhuntingtonus
Joined: 09 Dec 2008
Location: Jeonju
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| Posted: Mon Mar 08, 2010 4:59 pm Post subject: |
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| The only corner they've turned is that so many jobs have already gone away that the rate of NEW job losses has to drop. |
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